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Colombia's central bank cut its benchmark rate by 25 basis points to 4.75 percent, its ninth cut this year, surprising economists for a second month in a row. The board cited better 2018 inflation projections and weaker growth, with five members voting for the cut and two against.
Lower Colombian rates weaken the peso and reflect a softer domestic economy, which can marginally affect demand for imported feed ingredients priced in USD. The price effect on feed grains is minimal.
centralbanknews.infoNov 24, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
